BARTOW, Fla. - (02/01/05) -- This town ended what may beconsidered the longest streak without a bank robbery last Mondaywhen the local branch of MidFlorida FCU was held up. One timepolice got a tip that a robbery was planned and staked out FloridaNational Bank but there was no robbery. A few years ago policeresponded to a report of a robbery at MidFlorida FCU but it turnedout to be a hoax cooked up by a teller and her boyfriend. But allstreaks come to an end, and so to did the robbery-less one, on Jan.24, when a wanted bank robber named Wesley Caruthers allegedly hitthe credit union. Caruthers, who was wanted for four otherrobberies since the beginning of the year, was eventually trackeddown at a local hotel later that night and shot as he tried toescape. Caruthers, who was released from prison in 2004 afterserving seven years or a 10-year-sentence for a bank-robbery spree,was being held in guarded condition at the Lakeland RegionalMedical Center.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
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Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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